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CNBC tries to shrug off sudden smash in gold and quick recovery
They're yet to put a question about gold to a Western central bank or the Bank for International Settlements.
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Sudden Gold Plunge Has Traders Looking for Answers
By Alex Rosenberg
CNBC, New York
Monday, January 6, 2014
Gold futures plunged more than $30 at 10:14 a.m. EST on Monday morning, before regaining nearly all of that drop within the same minute.
The swift move triggered a 10-second pause in trading, and many market participants said a single trading error was probably to blame.
"What has a tendency to happen if someone does a fat finger trade is that it triggers stops that people leave in," said Matthew Hoverman, senior trader at Grafite Capital. "There is a high likelihood that that's what happened today." ...
... For the rest of the report:
http://www.cnbc.com/id/101313154
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Jim Sinclair plans seminar in Austin on Feb. 8
Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminar at the Austin, Texas, Airport Hilton from 2 to 6 p.m. on Saturday, February 8. Advance registration is required. Details are posted at Sinclair's Internet site, JSMineSet, here:
http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/
